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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. 36,000 Surplus per Sale. Over the past five years, more than $1.2

Equity 459
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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales 435
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Home equity won’t be enough to prevent foreclosure for some

Housing Wire

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. mortgage holders.

Equity 305
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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. Most of the mortgages in forbearance have enough equity to sell their homes. million homeowners currently in forbearance, 93% have at least 10% equity in their homes. After the last housing crash, about 9.3

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5 predictions for the 2022 housing market

Housing Wire

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545
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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes. After the last housing crash, about 9.3

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The 2023 Housing Market: A Look Ahead

Housing Wire

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. There won’t be forced home sales like we saw in the crisis. months nationally.

Marketing 505